FCT was listed on the mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on 5 July 2006. FCT has a market capitalisation of approximately S$3.06 billion as at 30 September 2019.
FCT’s principal activity is to invest in income-producing properties used primarily for retail purposes, in Singapore and overseas. Its primary objectives are to deliver regular and stable distributions to unitholders and to achieve long-term capital growth. The objectives are achieved through a combination of its organic, enhancement and acquisition growth strategies.
FCT’s investment portfolio comprises seven quality suburban malls in Singapore. These malls are Causeway Point, Northpoint City North Wing (including Yishun 10 retail podium), Waterway Point (40% interest), Changi City Point, Bedok Point, YewTee Point and Anchorpoint. FCT’s suburban malls are located in residential townships with good shopper catchment and connectivity to public transport, and they offer the shoppers a wide range of products and services that cater to their convenience, necessity shopping needs and dining options. The malls enjoy high occupancy and steady shopper traffic which underpin the stability of FCT’s portfolio performance.
As at 30 June 2019, FCT holds 21.13% stake in PGIM Real Estate AsiaRetail Fund Limited (“PGIM ARF”) through its wholly owned subsidiary FCT Holdings (Sigma) Pte. Ltd. PGIM ARF owns and manages five retail malls (Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1) and an office property (Central Plaza) in Singapore and two retail malls in Malaysia. FCT also owns a 31.15% equity stake in an associate of FCT, Hektar Real Estate Investment Trust, which is listed on the Main Market of Bursa Malaysia Securities Berhad.
FCT is managed by the Manager of FCT, Frasers Centrepoint Asset Management Ltd., a real estate management company and a wholly-owned subsidiary of Frasers Property Limited.